工业硅、碳酸锂期货品种周报-20250623

Group 1: General Information - Report Period: 2025.06.23 - 06.27 [1] - Report Title: Industrial Silicon and Lithium Carbonate Futures Weekly Report [2] - Reported Futures Varieties: Industrial silicon and lithium carbonate [2] Group 2: Industrial Silicon Futures 1. Mid - term Market Analysis - Mid - term Trend: Industrial silicon futures prices maintain a weak trend [7] - Trend Logic: Spot prices are stable, production costs decrease due to lower electricity prices in the southwest during the wet season, overall supply is abundant, downstream industries have production cut expectations, and demand is mainly for rigid needs. The AI report shows the daily price is in a sideways phase [7] - Strategy Suggestion: Due to the existing supply - demand contradiction, it is recommended to wait and see [7] 2. Trading Strategy - Last Week's Strategy Review: The price was weak, and it was recommended to wait and see [10] - This Week's Strategy Suggestion: The price remains weak, and it is recommended to wait and see [10] 3. Relevant Data - As of April 19, 2024, SHFE cathode copper inventory was 300,045 tons, an increase of 322 tons from the previous week, and it is at a relatively high level compared to the past five years [12] - As of April 19, 2024, LME copper inventory was 122,125 tons, and the ratio of cancelled warrants was 25.73%. It is at a relatively low level compared to the past five years [16] Group 3: Lithium Carbonate Futures 1. Mid - term Market Analysis - Mid - term Trend: Lithium carbonate futures prices operate weakly with fluctuations [29] - Trend Logic: Spot prices fell last week, the futures market declined, production cost support weakened due to lower lithium ore prices, downstream demand is mainly for rigid restocking, and supply is expected to grow faster than demand. The AI report shows the daily price is in a downward channel [30] - Strategy Suggestion: Due to the weak operation, it is recommended to wait and see [30] 2. Trading Strategy - Last Week's Strategy Review: The price was weakly fluctuating, and it was recommended to wait and see [33] - This Week's Strategy Suggestion: The price continues to fluctuate weakly, and it is recommended to wait and see [33] 3. Relevant Data - As of April 19, 2024, SHFE electrolytic aluminum inventory was 228,537 tons, a decrease of 3,228 tons from the previous week, and it is at a relatively low level compared to the past five years [36] - As of April 19, 2024, LME aluminum inventory was 504,000 tons, and the ratio of cancelled warrants was 66.03%. It is at a relatively low level compared to the past five years [37]